TG Venture Acquisition Runs Afoul of Nasdaq Minimum Investor Threshold

TG Venture Acquisition said it received a notice from the Listing Qualifications Department of the Nasdaq indicating that the SPAC is out of compliance with the minimum 400 shareholders requirement.

TGVC has until Nov. 24 to submit a plan for regaining compliance.

The SPAC faces a November deadline for completing its proposed merger with Flexi Group, a workspace provider. The deal had a pro forma enterprise value of $205 million at announcement last December. Read more.



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